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Thursday, February 18, 2010


I've heard of this all too often.

You have a A to B to C closing all lined up.
You (or hopefully your negotiator) has finally made it through the voice mail hell with B of A. And your gross profit spread is solid and definetly worth your time.

And then it happens. You begin to read the approval letter.

AWESOME! You think as you notice the deficiency judgment
is waived and some of the concessions you've asked for got
approved. And then you see it. As plain as day.

Item #10: "There are to be no transfers of property within
30 days of the closing of this transaction."

Hmm. Ok, you think. Let's forget about this purchase and move onto the next one, because you don't have the capital to hold it for 30 days or more.

The next day you come into the office and think...forget those Bank of America stiffs. Here's another purchase agreement from ASC. I'll get busy on that one. And then guess what happens?

The approval letter comes. And it says

"If the closing agent has any knowledge of any sale or transfer of property within 30 days of this transaction, closing agent must immediately notify lender prior to closing, funding, and/or recording."

“Damn”. Twice in one week!

Then you decide to finish up some of the purchase flips you've been working on, and you're excited to know that Wells Fargo recently relaxed its guidelines to allow financing for "C" buyers.

But then you read their guidelines and it sticks out like a sore thumb:

"Seller must be in title to the subject property."

Oh, that means same day deals can't happen, because at the time of underwriting you, the B investor, aren't on title.

Forget Wells Fargo you scream ...

The next day you wake up and think ... forget those stiffs at Wells Fargo, it is time for FHA. After all, these short sale gurus blew up your inbox with the good news that FHA 90 day seasoning had become a thing of the past.

Until you read the guidelines ... which state that the lender is required to assess, as one of the conditions of the 90 day waiver,whether:

"The seller holds title to the property."


Same day flips can't happen with FHA either.
It looks like there has to be a better way, right?

Well, there is...but only for a select few investors and there brokers!!

Drum Roll………………………

“Its called buying the properties in bulk from us!

No more Hasssles, guidelines, hoops or wasted time.

So "Qualify" your buyers "Proof Up" the funds and "contact us" today to get your future in bulk purchasing rolling today!

Angel Investors / Private Investors
Angel Investors

Friday, February 5, 2010

Quick Trip Down Investment Memory Lane, But read the end because the inventory has never been better.

"Houses cost too much for the mass market. Today's average prices is...out of reach for two-thirds of all buyers". (1948 when the average cost of a home was $8,000).

"In's not unusual to find families of average means buying $100,000 houses. I'm confident prices have passed their peak" (The Coming Real Estate Crash, 1980).

"Most economists agree...a home will become little more than a roof and a tax deduction, certainly not the lucrative investment it was through much of the 1980's" (Money magazine, April 1986).

Think the days of getting rich from real estate are over? Better think again. Take a few minutes to explore real estate predictions from days gone by to see how history tends to repeat itself then get set to join the ranks of the rich by building a REO portfolio. The majority of self-made millionaires derived their wealth directly from real estate but even more importantly, when asked where they are putting funds today...the majority rank real estate as a top designation.

So, what drives the local market? It's a simple question but one which the majority of investors can't communicate when put on the spot.

1. Are basic jobs increasing or decreasing in the surrounding area? Remember, all real estate is local but even within any given town, there are areas of growth and blight. Keep an eye out for business or government building projects, new construction of hospitals or schools and other activities that lead to the need for shelter.

2. Recovery efforts.
Donald Trump has long been associated with the ability to transform undesirable properties into cash cows but the so-called secret of his success has less to do with strategy and more to do with outright courage than anything else. Plain and simple, Trump bought when others walked. Economic downturns tend to frighten away people at the very best time to buy. Position yourself to profit from the eventual recovery by buying right.

3. Migration.
Business and individuals tend to migrate from high cost areas to low cost areas. Follow the tax laws, energy expenses and other information to find out where tomorrow's hot growth areas are likely to spring up.

4. Quality of Life.
Beach-front property never goes out of style since it affords a very specific quality of life. Even the most hum-bug little cottage can fetch tens-of-thousands more than a comparable property located anywhere else due to the lifestyle issue. Properties that provide a lifestyle -not just a home- are likely to remain in high demand long after building styles change.

5. Cost.
No discussion of REO profits would be complete without mention of cost but price alone rarely determines the full potential of any property. Defining a "great buy" is much like's in the eye of the beholder. Learn to see the value of every property in order to sell it successfully.

I have bulk REO Inventory available in many states for .50 cents on the dollar. Contact me today with POF (Proof of Funds) and have your REO Inventory within days!!!

Angel Investors / Private Investors
Angel Investors

Monday, February 1, 2010


It is estimated over 95% of millionaires made their money from real estate. (REAL INVESTORS, BUYING AND SELLING)

On the other hand, the average Realtor / Broker earns less than $40,000 annually.

Why the discrepancy?

Obviously it's quite possible to make stellar returns from real estate yet each and every year plenty of people barely make ends meet even while working at it full-time. Yet research shows that success in real estate doesn't require full-time work, a large private income or many of the other trappings of success typically associated with wealth creation from other venues. In fact, plenty of part-time investors far outperform full time real estate associates each and every year.

Here are some quick tips:

1. Accept Success -
Seriously! Have you ever stopped to contemplate how easily most people accept failure or fate versus those that take responsibility for their own success? It's quite remarkable when you stop to think about it. Understand that everyone is capable of making a success from REO investments - but few people actually do so not because they are helpless but because they wait for help rather than forging their own path. When in doubt about what to do, first find a partner (ME) and then...simply do it.

2. Work at home when possible.
Set a schedule then stick to it. Don't allow distractions to clutter up your productive REO investing time. Hire childcare if needed, find a reputable and reliable virtual assistant and then focus time and energy on building the foundation for your REO empire by automating as much as possible.

3. Dump Dumb Rules.
Simplify your life and investing goals as much as possible. Sit down and think about how much time it takes you to argue / guide or demand things with your partners or employees about some minor situation versus finalizing a deal or making offers on upcoming REO's. Re-evaluate what rules and roles dominate your day then eliminate those that don't enhance your life. "IF THEY ARE COSTING YOU, NOT MAKING YOU MONEY THEN CUT THE CORD IMMEDIATELY"

4. Learn to say NO.
Stop apologizing and don't try to do it all yourself. It's not in your best interest (or that of your family and friends) to tackle more than you are able to deal with on a regular basis. Leave space for down-time as well as impromptu activities. REO investments are especially prone to last minute maneuvers where those that win aren't necessarily the most prepared but simply those in the right place at the right time ready to act with the right partners in place. (WHEN I SAY PARTNERS, GOOD CREDIT, MONEY IN THE BANK AND A WILLINGNESS TO FOLLOW DIRECTIONS....ANYONE WITHOUT THESE QUALITIES DO NOT EVEN WASTE YOUR TIME. "YOU KNOW WHO I AM TALKING ABOUT, THE GUY WITH 20 YEARS IN THE GAME AND NOT A POT TO PISS IN".)

5. List- Buy.
The more you list the more they buy and vice versa...the more you buy the more you have to list as a REO investor. It's a numbers game so take action and automated it as soon as possible. Increase your target marketing efforts on a regular basis; once you reach the desired number of homes, begin to switch your strategy to include more affluent clients.

Angel Investors / Private Investors
Angel Investors


TARP and HAMP failed to halt foreclosures! (Really, did anyone really expect a government program to come through)

In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures -- two key aims of the sprawling program. "Whether these goals can effectively be met through existing TARP programs is very much an open question at this time," Barofsky said in the report. Since Congress enacted TARP, lending to both consumers and businesses has continued to decline. Earlier this month, the Treasury Department reported that the 22 banks that got the most aid from the government's various bailout programs have actually cut their small business loan balances by $12.5 billion since April. "For those of you new to reading between the lines, this is the money that would typically be given to private entrepreneurs and business to reinvest and employee people"

The Obama administration did propose a joint program between the Treasury Department and the Small Business Administration in October to make capital cheaper for community banks that commit to increasing their small business lending, but three months later the government is still drafting guidelines for that initiative. Barofsky, whose office has been closely tracking the evolution of TARP, also criticized the Obama administration's Home Affordable Modification Program. Even as Treasury allocated $35.5 billion towards that foreclosure-prevention program as of the end of last year, only 66,500 homeowners have received permanent modifications, with another 787,200 homeowners in trial modifications. There is no sign that the rate of foreclosures is slowing down anytime soon.

OK Kids lets do the math to make sure everyone understands the numbers:

$35.5 Billion (9zeros) / 853,700 modifications (ya we believe these numbers) = $40,998.00 per mod.



Earlier this month, RealtyTrac, the online marketer of foreclosed homes, reported that foreclosure filings surged to a record 3 million in 2009, up 21% from 2008.

There was at least one bit of good news from Barofsky's latest report however. He acknowledged that while the ultimate cost will still be "substantial" for American taxpayers, it will be less than originally estimated. (HEE HEE HEE, IF HE CALLS THIS GOOD NEWS I WOULD HATE TO SEE WHAT IS BAD NEWS)